3 Tech Stocks Lightning Up Trading Screens Before Earnings

Level three Communications, Inc. (NASDAQ:LVLT) will unveil its latest earnings on Wednesday, November 2, 2011. The average estimate of analysts is for net loss of $1.45 per share, a narrower loss from the year earlier quarter net loss of $1.50. During the past three months, the average estimate has moved up from a loss of $1.52. Between one and three months ago, the average estimate moved up. It has risen from a loss of $1.51 during the last month.

Last quarter, the company saw a loss of $1.35 per share versus a mean estimate of net loss of $1.35 per share. This comes after two consecutive quarters of exceeding expectations. Analysts are projecting a rise of 41.4% in revenue from the year-earlier quarter to $1.29 billion.

Competitors to Watch: Global Crossing Ltd. (NASDAQ:GLBC), AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), tw telecom inc. (NASDAQ:TWTC), XO Holdings Inc. (XOHO), AboveNet, Inc. (NYSE:ABVT), PAETEC Holding Corp. (NASDAQ:PAET), Xfone, Inc. (AMEX:XFN), Tata Communications Ltd. (NYSE:TCL), and Cincinnati Bell Inc. (NYSE:CBB).

Qualcomm, Inc. (NASDAQ:QCOM) will unveil its latest earnings on Wednesday, November 2, 2011. The average estimate of analysts is for net income of 69 cents per share, a rise of 30.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 68 cents during the last month. For the year, analysts are projecting profit of $2.84 per share, a rise of 37.9% from last year.

Last quarter, the company beat estimates by one cent, coming in at net income of 63 cents a share versus the estimate of profit of 62 cents a share. It marked the fourth straight quarter of beating estimates. On average, analysts predict $4 billion in revenue this quarter, a rise of 35.6% from the year ago quarter. Analysts are forecasting total revenue of $14.84 billion for the year, a rise of 35% from last year’s revenue of $10.99 billion.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Nokia Corporation (NYSE:NOK), Motorola Mobility Hldgs. Inc (NYSE:MMI), NVIDIA Corporation (NASDAQ:NVDA) and Microsoft Corporation (NASDAQ:MSFT).

MEMC Electronic Materials, Inc. (NYSE:WFR) will unveil its latest earnings on Wednesday, November 2, 2011.  The average estimate of analysts is for net income of 12 cents per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 15 cents during the last month. Analysts are projecting profit to rise by 115.4% versus last year to 84 cents.

Last quarter, the company topped expectations by 22 cents, coming in at profit of 29 cents per share versus a mean estimate of net income of 7 cents per share. This followed two straight quarters of missing estimates.  Analysts are projecting a rise of 58.1% in revenue from the year-earlier quarter to $795.6 million.

Competitors to Watch: Daqo New Energy Corp. (NYSE:DQ), AXT, Inc. (NASDAQ:AXTI), First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWRA), Spansion Inc. (NYSE:CODE), Micron Technology, Inc. (NASDAQ:MU), GT Solar Intl., Inc. (NASDAQ:SOLR), Hoku Corporation (NASDAQ:HOKU), Cymer, Inc. (NASDAQ:CYMI), and Photronics, Inc. (NASDAQ:PLAB).